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EMD fixes for two years


Exclusive Mortgages Direct has launched two fixed rate mortgages funded by Birmingham Midshires.


Borrowers can choose between a two-year fix at 3.99 per cent with a 1 per cent cashback offering 95 per cent loan to value and a 4.99 per cent fix with 3 per cent cashback offering 90 per cent loan to value


Buildings insurance is compulsory, otherwise the rates are increased by 0.25 per cent.


There is a £299 completion fee added to the loan for both rates.


The redemption fee on the 3.99 per cent fix is six months&#39 interest in the first five years. For the 4.99 per cent fix it is four months&#39 interest plus return of cashback in the first five years.

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